CHF/JPY Long-Term Trend: Bullish
Key Resistance Levels: 147.76, 147.92, 148.31
Key Support Levels: 147.11, 146.92, 146.51
The price on the higher time frame has recently been in an uptrend for some time after it bounced from a support level of 145.38 and continued the momentum. Recently it has broken a level of 146.85 which indicates trend continuation.
CHF/JPY Medium-Term Trend: Bullish
On the lower time frame, the pair is moving in the major trend’s direction. It broke a level of 146.92 and has sustained above that. As of now the pair has broken and retested another level of 147.11 before continuing the momentum.
Buy Stop Order @ 147.40
TP @ 147.71
Stop Loss @ 147.09
Trade Safely 🙂